Ripple’s IPO could come within 12 months, suggests CEO

Brad Garlinghouse, CEO of Ripple, has indicated that the firm could go public in the next 12 months.

Speaking at the World Economic Forum in Davos, Garlinghouse told the Wall Street Journal on Thursday that an initial public offering (IPO) is a “natural evolution” for the company.

“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company,” he said.


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Just last month, Ripple raised a whopping $200 million in Series C funding, which is usually the last step before a company goes public. The Series C round valued the blockchain payments firm at $10 billion.

Ripple has raised a total of $293.6 million in funding to date, according to Crunchbase. It remains to be seen how much more Ripple ends up raising in an IPO.

Earlier this week, Ripple reported sales figures of XRP for the fourth quarter and saw an 80% drop. The firm sold a total of $13.08 million in XRP in Q4, compared with $66.24 million in the previous quarter. The Q4 sales figures are the lowest in the past three years, according to The Block's research. The price of XRP also declined by 22% during Q4.

Cumulatively, Ripple has so far sold a total of $1.22 billion worth of XRP, according to The Block's research.


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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.